Small business owners need to wear many different hats to keep things running smoothly. From start up costs to seasonal slowdowns, smaller entrepreneurs need to plan for everything including the unanticipated. Here are 10 things every small business owner should do to plan for the unexpected.
How to Prepare for the Unexpected in Business
Don’t Put All your Eggs in One Basket
“The problem is best expressed by the old saying “don’t put all your eggs in one basket, ” says Jay Ferrans, president of JM Financial & Accounting Services in Southfield, Michigan.